Beat the street: Traders eye latest Middle East tensions; Netflix; Boeing; American Express; P&G
The latest tit-for-tat exchange between Israel and Iran causes the CBOE volatility index to hit its highest level in more than five months.
Netflix shares indicated lower dropped after the company forecast current-quarter revenue below estimates. American Express, all-sessions, reverse course after its earnings. Procter & Gamble’s Q3 sales missed the street. Plus, Boeing to bring flying cars to Asia?
(AI Video Summary)
Geopolitical tensions impacting global trading
Today's "Beat the street" video focuses on the impact of geopolitical tensions and corporate developments on global financial markets. Recent Israeli attacks on Iran have spiked volatility, influencing oil and stock markets, but widespread escalation seems unlikely. Despite initial drops, oil prices and US stocks are showing signs of resilience. The US dollar is expected to strengthen amid Fed rate cut uncertainties.
Company news
Netflix's revenues missed forecasts, affecting its stock price, while American Express reported strong earnings. Boeing's aspirations to introduce flying cars in Asia by 2030 contrast with its current crises. Procter & Gamble's shares fell despite raising its profit forecast. Overall, market sentiment is cautious with an eye on developments in the Middle East and corporate earnings.
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